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Mitek Systems Long-Term Capital Lease Obligation

: $5.0 Mil (As of Dec. 2020)
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Mitek Systems's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2020 was $5.0 Mil.

Mitek Systems's quarterly Long-Term Capital Lease Obligation declined from Jun. 2020 ($5.7 Mil) to Sep. 2020 ($5.3 Mil) and declined from Sep. 2020 ($5.3 Mil) to Dec. 2020 ($5.0 Mil).

Mitek Systems's annual Long-Term Capital Lease Obligation stayed the same from Sep. 2018 ($0.0 Mil) to Sep. 2019 ($0.0 Mil) but then increased from Sep. 2019 ($0.0 Mil) to Sep. 2020 ($5.3 Mil).

Mitek Systems Long-Term Capital Lease Obligation Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Mitek Systems Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 5.33

Mitek Systems Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.71 6.12 5.67 5.33 5.02

Mitek Systems  (NAS:MITK) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Mitek Systems Long-Term Capital Lease Obligation Related Terms

Mitek Systems Long-Term Capital Lease Obligation Headlines

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